Oil: The average daily oil production was 4 million and 460 thousand barrels per day

[ronscarpa]

3 hours ago, yota691 said:

Iraq .. Ministerial directives to facilitate procedures for granting licenses to oil companies

 

THANKS YOTA...!  BLESSINGS .... RON

[dinarham]

Just like the oil , the money will flow

[yota691]

Oil: Reconsideration of the Contracts Signed with the Refineries (Car) and (Qiwan)

Tuesday 24 December 2019 69

 

Baghdad / Tariq Al-Araji         

 

The Oil Ministry has revised the contracts signed with the (Kar) and (Qaiwan) refineries to provide oil derivatives with an estimated refining capacity of 120,000 barrels. Deputy Prime Minister for Energy and Minister of Oil, Thamer Al-Ghadban, said in an exclusive interview with Al-Sabah: The two contracts with the (Qar) and (Qaiwan) refiners were concluded during the executions of the former minister, Jabbar Laibi. They are located in the Kurdistan region. And he added that these two contracts were concluded after the ISIS terrorists took control of a number of governorates and destroyed the Baiji refinery, which was providing nearly 50 percent of oil derivatives to all of Iraq, in addition to the urgent need to provide derivatives to the displaced people of those areas and provide them with electric power.

 

Al-Ghadban added that the previous government directed its ministers and its ministry to carry out campaigns to help the sons of the liberated areas and the displaced, so the role of the Oil Ministry was to provide oil products despite the stopping of the Baiji refineries at that time and the remaining liquidation capacities with the volume of import from the derivatives that do not meet the needs of citizens, so I resorted to these refineries and signed two contracts The first with the refinery of Kar and the other with Qiwan

He explained that the two contracts also require the Ministry to supply the refineries with crude oil from the fields of the North Oil Company to be liquidated there and the federal government receives the products to give the liquidators a fee and wages of the cost of the liquidation, which amounts to 10 dollars per barrel, noting that the two contracts were urgent, so there are some Gaps.

The Minister of Oil stated that his ministry, after assuming responsibility, began to hear a murmur about these two contracts, so guidance was directed at studying the contract with the relevant authorities in the ministry and some gaps were observed, and this is normal because the contract was concluded quickly and under an exceptional circumstance, it was emphasized the need to review the contract’s form so that it is clear It does not contain gaps.

He continued that the contract must also be comprehensive with the need to write specifications in the contract form and be of high quality and work on the possibility of the officials of the refineries to transfer the liquidation of 20 thousand barrels per day for the refinery of Qiwan and approximately 100 thousand barrels per day for refineries in addition to reducing wages for refining the barrel of refined oil And to address some of the loopholes that were occurring with the refined quantities of delivered crude oil and the quantities granted to them for the purposes of electricity generation and operation.

Al-Ghadhban pointed out that all these matters have been subject to detailed scrutiny through coordination and supervisory committees and daily reports, indicating that it is not a week that passes, but this issue was discussed in the problem operating room.

 At the headquarters of the ministry. 

He pointed out that some imagine that there are political pressures or financial corruption surrounding these two contracts, and therefore the Ministry was keen not to renew the two contracts despite the amendments to them, and only extended the supply by a monthly impact, and the ministry is now facing two options first in response to the words of some people and officials and to cancel the contracts completely from what It requires compensation for these quantities of derivatives, which amount to eight million liters per day of gasoline and gas oil through importation through the Persian Gulf.

The Minister of Oil added: This matter has difficulties in transportation operations due to the presence of a large momentum or through Turkey or Jordan, which causes the price to be higher than it is now or the second option to keep the two contracts after their organization and re-formulate them in a tight manner and fill all the gaps and send it back to the Council Ministers to pass it or not.

[yota691]

Oil reviews two contracts with the region and reveals their gaps

Editing Date: 2019/12/25 9:10 • 237 times read

{Baghdad: Al Furat News} The Ministry of Oil reviewed the contracts signed with the refineries of “Kar” and “Qiyuan” to provide oil derivatives with an estimated capacity of 120 thousand barrels.

And the Minister of Oil, Thamer Al-Ghadban, said in a press statement that "the two contracts were concluded during the receipt of the former Oil Minister Jabbar Laibi, and they are liquidation contracts with the companies (Car and Qiyuan) and both refineries are in the Kurdistan region."
He explained that "these two contracts were concluded after the ISIS terrorists took control of a number of governorates and destroyed the Baiji refinery, which was providing nearly 50% of oil derivatives to all of Iraq, in addition to the urgent need to provide derivatives to the displaced people of those areas and provide them with electrical energy."
Al-Ghadban added that "the previous government directed its ministers and ministries to carry out campaigns to help the people of the liberated areas and the displaced people, so the role of the Ministry of Oil was to provide oil products in spite of the refusal of the Baiji refineries at that time, and the remaining liquidation capacities with the volume of import from the villages that are imported, not the size of the settlements. The first two decades with the Kar refinery and the other with Qiwan. "
He explained that "the two contracts also require the Ministry to supply the refineries with crude oil from the fields of the North Oil Company, to be liquidated there, and the federal government receives the products, to give the liquidators a fee and wages for the cost of liquidation, which amounts to 10 dollars per barrel, noting that the two contracts were urgent, so in them Some gaps. "
The Minister of Oil stated that "after his assumption of responsibility, his ministry began to hear a murmur about these two contracts, so guidance was directed at studying the contract with the relevant authorities in the ministry and some gaps were observed, and this is normal because the contract was concluded quickly and under exceptional circumstances, so the necessity of reviewing the contract form was emphasized so that it is Clear and does not contain holes. "
Al-Ghadban continued, "The contract must also be comprehensive, with the necessity of writing the specifications in the contract form and be of high quality, and working on the ability of those responsible for the refineries to transfer the liquidation of 20 thousand barrels per day in relation to the refinery of Qaiwan, and approximately 100 thousand barrels per day of a reflection of any additional fee. Refined oil and the treatment of some gaps that were occurring with the refined quantities of delivered crude oil and the quantities granted to them for the purposes of electricity generation and operation.
He pointed out that "these matters are group subjected to detailed scrutiny by the Ministry, through coordination and supervisory committees, and daily reports, noting that there is no issue."
He pointed out that "some envision the existence of political pressures or financial corruption that surround these two contracts, and on this basis the Ministry has taken great care not to renew the two contracts in spite of the amendments on them, and it is sufficient to extend the supply by a monthly reality, and the Ministry is now in front of some of the choice, and the officials now have a choice. Which requires compensation for these quantities of derivatives, which amount to eight million liters per day of gasoline and gas oil through importation through the Gulf. "
The Minister of Oil added: This matter has difficulties in transportation operations due to the existence of a large momentum or through Turkey or Jordan, which causes the price to be higher than it is now or the second option to keep the two contracts after their organization and re-formulate them in a tight manner and fill all the gaps and send it back to the Council Ministers to pass it or not. "End

[yota691]

Iraq .. $ 6.3 billion revenue from oil exports in November

Oil field in Iraq

 December 25, 2019 05:27 PM

 

Direct: The Iraqi Ministry of Oil announced the achievement of revenues from oil exports during the month of November, amounting to 6.3 billion dollars.

The ministry said in a press statement, today, Wednesday, that the total oil exports for the same month, according to the Iraqi Oil Marketing Company "SOMO", amounted to 105.01 million barrels of crude oil, with revenues recorded at 6.3 billion dollars, according to the Iraqi News Agency "AWA".

A spokesman for the Ministry of Oil, Assem Jihad, said that the total quantities of crude oil exported for the month of November last from oil fields in central and southern Iraq exceeded 102 million barrels, with revenues amounting to 6.14 billion dollars.

Asim Jihad continued: "While the quantities exported from Kirkuk oil through the port of Ceyhan were 2 million and 381 thousand and 65 barrels, with revenues amounting to 140 million and 663 thousand and 780 dollars."

Jihad added that the exports from Qayyarah field amounted to 293.9 thousand barrels, with revenues amounting to 10.8 million dollars, while the quantities exported through the Al-Samoud refinery to Jordan were 334.6 thousand barrels, with revenues amounting to 15.7 million dollars.

Jihad explained that the average price per barrel amounted to 60,039 dollars, "noting that" the quantities exported were loaded by 35 international companies of various nationalities from the ports of Basra, Khor Al-Amaya and unilateral buoys on the Gulf and the Turkish port of Ceyhan.

[yota691]

Iraq .. Parliamentary committee agreed with "Sumo" to discuss oil prices

Side of the meeting

 December 27, 2019 6:23 PM

 

Direct: The Oil and Energy Committee in the Iraqi parliament, with the oil marketing company "SOMO", agreed to hold a meeting to discuss the prices of selling crude oil, and the international bulletin that is approved by the company.

This came during the committee’s hosting of the Director of SOMO Company, yesterday, Thursday, with the aim of working to coordinate and work together to achieve the goals set for achieving the best financial imports in the oil sector, according to a press statement issued by the Council.

The meeting touched on a number of issues pertaining to the company’s work and contracts it concluded in the process of selling and transporting crude oil .

The Chairman of the Committee, Hebet Al-Halbousi, during the meeting, expressed the committee's support for the company's work and the importance of its role, praising the role played by Sumo Company in representing Iraq internationally.

Al-Halbousi stressed the committee’s support to the company by all means to develop its performance, protect Iraq’s oil from any waste or loss due to mismanagement, and overcome obstacles facing the company's work and prevent the achievement of the desired benefit of the company’s goals, as it is an international market in light of Iraq being one of the largest Countries in the export of crude oil .

Al-Halbousi asked SOMO management to provide the committee with written and documented answers regarding the questions and inquiries submitted by the chairman and members of the committee .

[Artitech]

This is what baffles me, their making money hand over fist and won’t give value to their currency! Just makes you sick, at how these people are doing! JMHO!🤮

[yota691]

Parliamentary energy calls for "SOMO" to answer the contracts

Friday 27 December 2019 74

 

Baghdad / Al-Sabah 

 

The Parliamentary Oil and Energy Committee asked the SOMO management to provide it with written answers and documented on the contracts it entered into in the operations of selling crude oil, importing oil derivatives and transferring crude oil.

A statement of the Media Department of the House of Representatives received by “Al-Sabah” stated that “The Oil and Energy Committee headed by Representative Haibet Al-Halbousi hosted the General Manager of the Oil Marketing Company (SOMO) and the leadership angel in the company to discuss a number of issues that pertain to the company’s work and contracts it concluded in the sale and transfer 

Crude Oil".

He added that "the committee praised the role played by (Sumo) company in representing Iraq internationally", stressing "the committee's support to the company by all means to develop its performance and protect Iraqi oil from any waste or loss due to mismanagement and overcoming the obstacles facing the company's work and preventing the achievement of The desired benefit of the company's goals as an international market in light of Iraq being one of the largest countries in the export of crude oil.

The members of the committee expressed their remarks regarding the contracts concluded by the company (SOMO) in the operations of selling crude oil, importing oil derivatives and the operations of transporting crude oil. He pointed out that “the chairman of the committee asked the management of (SOMO) to provide the committee with written and enhanced answers Documentation of questions and inquiries from a superior 

And committee members. ”

The statement pointed out that "it was agreed during the meeting to hold a later meeting to discuss the selling prices of crude oil and the international bulletin that is approved by the (SOMO) company, and to work on coordination and joint work in order to achieve the goals set in achieving the best financial imports in the oil sector."

[yota691]

Oil expert: The provincial authorities export 600 thousand barrels per day from Kirkuk fields

By AhadNA3 12/29/2019 03:15 PM | Views: 61

Al-Ahed News- Baghdad

 

Today, Sunday, the oil expert Hamza Al-Jawahiri revealed that the Kurdistan Region authorities exported 600,000 barrels from Kirkuk fields, indicating that the proceeds of those sales are due to the region and is from Iraq’s share with OPEC.

Al-Jawahiri said in a press statement seen by Al-Ahed News , that "the Kurdistan region exports about 600 thousand barrels of oil per day from the province of Kirkuk to other countries."

He added, "The export takes place with the knowledge of the central government, but it does not bring any revenue to the federal government, but rather the export funds are put in favor of the Kurdistan region."

Al-Jawahiri said, "450,000 are being sold with the knowledge of the government and they are part of Iraq’s share with OPEC, but another 150,000 are being sold through smuggling and other methods across the region." End 2

 

[yota691]

Oil: We will compensate for the stoppage of production from Nasiriyah by increasing the production of Basra fields

 

Oil field

energy Economy News - Baghdad The Oil Ministry said on Sunday that stopping production from the Nasiriyah field in the south of the country temporarily due to protests would not affect Iraq's oil exports and production. The ministry said in a statement that Iraq would compensate for the stoppage of production from Nasiriyah by increasing production from Basra fields. Protesters stormed the Nasiriyah field on Saturday and forced its workers to cut electricity to the control station, which resulted in the field being halted. Number of views 43   Date added 29/12/2019

[yota691]

Oil announces the preliminary statistic for crude oil exports and revenues for the month of December

Economie

2020-01-02 | 03:35

 

1,998 views

On Thursday, the Ministry of Oil announced the total exports and revenues accrued for the month of December, indicating that the amount of exports of crude oil amounted to more than 106 million barrels, with revenues amounting to more than 6 billion dollars.

A spokesman for the Oil Ministry, Asim Jihad, said in a statement that Alsumaria News received a copy of it, "The total quantities of crude oil exported for last December, according to the preliminary statistics issued by the Iraqi Oil Marketing Company" SOMO ", amounted to 106 million and 265 thousand and 307 barrels, and revenues reached more From 6 billion and 700 million and 174 thousand dollars, "explaining the average price per barrel of 63,051 dollars."

 

 

Jihad added that "the total quantities exported of crude oil in central and southern Iraq amounted to 103 million and 90 thousand and 550 barrels, while from the Kirkuk fields through the port of Ceyhan, the quantities exported amounted to 2 million and 827 thousand and 50 barrels, while the quantities exported to Jordan were 347 thousand and 707 barrels. ".

 

He pointed out that "the total daily rate of exports reached 3 million and 428 thousand barrels, where the daily rate of export from Basra ports was 3 million and 326 thousand barrels, and from Ceyhan the daily rate was 91 thousand barrels, and the daily rate of export to Jordan was 11 thousand barrels."

 

 

It is noteworthy that Iraq exports most of the crude oil from the southern ports in Basra , and some quantities from the northern port from the Kirkuk oil fields and the basins to Jordan.

[yota691]

Iraq announces the outcome of oil production and revenues during the past month

The headquarters of the Iraqi Ministry of Oil

 January 2, 2020 02:45 PM

Direct: The Iraqi Ministry of Oil announced, today, Thursday, the total exports and revenues accrued for the month of last December, quoting the preliminary statistic issued by the Iraqi Oil Marketing Company "SOMO " .

The amount of exports of crude oil, according to the ministry’s statement, exceeded 106.27 million barrels, with revenues exceeding $ 6.7 billion.

 A spokesman for the Ministry of Oil, Assem Jihad, said that the total quantities of exported crude oil for the month of last December from the oil fields in central and southern Iraq amounted to 103.9 million barrels, while from the Kirkuk fields through the port of Ceyhan, the quantities exported reached 2.83 million barrels, while the quantities reached Exported to Jordan 347.7 thousand barrels.

He pointed out that the total daily rate of exports amounted to 3.43 million barrels, and the daily rate of export from Basra ports was 3.33 million barrels, and from Ceyhan the daily rate was 91 thousand barrels, while the daily rate of export to Jordan was 11 thousand barrels per day, and the total exports amounted to 347.7 thousand barrels .

Jihad added that the average price per barrel was 63.051 dollars .

Iraq’s exports of crude oil amounted to about 105.01 million barrels during last November, with revenues of $ 6.28 billion.

[yota691]

Iraq asserts that oil production and export will not be affected by the departure of American employees

Oil Corporation in Iraq - Archives

 January 3, 2020 02:50 PM

Direct: The Iraqi Ministry of Oil announced the departure of a number of American employees, who work in oil companies in southern Iraq, after the accident of the killing of the commander of the Quds Force in the Iranian Revolutionary Guards, "Qassem Soleimani", with an American raid on the road to Baghdad Airport.

The ministry said in a statement reported by "conscious" news agency: "The Oil Ministry denies the departure of foreign employees working in the oil companies in southern Iraq, with the exception of a number of employees who hold American citizenship only, in response to the request of their government . "

The ministry confirmed that "the conditions are normal in the oil fields throughout Iraq and production and export operations have not been affected."

[yota691]

$ 78 billion in Iraqi oil revenues for 2019

 

Sumo company building

energy Economy News - Baghdad The Oil Marketing Company (SOMO) confirmed that the financial revenues generated from the sale of oil amounted to $ 78 billion in 2019. The general manager of the company, Alaa Al-Yasiri, said in a statement reported by the official news agency "Waaa" and viewed by "Al-Iqtisad News", that "the total quantities of crude oil exported from the fields of Basra reached nearly three million and 350 thousand barrels per day", indicating that "the rate of sales Kirkuk fields have reached approximately 100 thousand barrels per day, while the Qayyara fields have reached 25 thousand barrels of oil per day. " He explained that "the average annual price of the oil market for 2019 was close to $ 61 a barrel," noting that "this price will go up according to the price of Brent." He pointed out that "the recent agreement of OPEC had a clear impact on the oil market for companies producing crude oil, and it was a good reader for the global market, which noticed that the quantity supplied exceeded the quantity demanded." He noted that "the biggest factor controlling the market price currently is the balance in terms of supply and demand for oil." Number of views 95   Date added 03/01/2020

[yota691]

Oil: The average daily oil production was 4 million and 460 thousand barrels per day

Economie

2020-01-09 | 06:07

 

297 views

The Ministry of Oil announced, on Thursday, that the average daily production of oil reached 4 million and 460 thousand barrels per day.

"The average daily production of crude oil has reached 4 million and 460 thousand barrels per day, while the rate of oil exports has reached 3 million 450 thousand barrels per day," the ministry spokesman, Assem Jihad, said in a statement.

 

 

Jihad stressed that "production and export operations were not affected by the current events in Iraq ," stressing " Iraq 's commitment to the production cut agreement approved by the Organization of Petroleum Exporting Countries (OPEC) and its allies from outside it."

 

It is noteworthy that Iraq is the second largest source of crude oil in OPEC after Saudi Arabia and it exports most of its oil through southern ports and in small quantities through Ceyhan, Turkey, and reserves to Jordan.

[Butifldrm]

21-01-2020 04:38 PM

British oil company withdraws from Kirkuk fields

 

 

Baghdad - news

The news correspondent reported today, Tuesday, the withdrawal of a British oil company from the oil fields in the province of Kirkuk.

Our correspondent said: The British company BP "British Petroleum" withdrew from the Kirkuk oil fields today.

He added: The withdrawal of the company and its cadres came due to the expiry of the contract concluded with the Iraqi Ministry of Oil.

http://www.ikhnews.com/index.php?page=article&id=207586

 

[Butifldrm]

Oil announces final statistics on oil exports for the past month

  

 energy

Economy News _ Baghdad

The Ministry of Oil announced, on Tuesday, the final statistic for oil exports for the month of last December, indicating that the revenues generated from them amounted to more than 6 billion dollars.

Ministry spokesman Assem Jihad said in a statement, "Economy News" received a copy of it, "The total quantities of crude oil exported for last December, according to the final statistic issued by the Iraqi Oil Marketing Company SOMO, as the amount of exports of crude oil reached 106 million and 265 thousand And 346 barrels, with revenues of 6 billion and 697 million and 622 thousand dollars. "

Jihad added, "The total quantities exported of crude oil for the month of December last from the oil fields in central and southern Iraq amounted to 103 million and 90 thousand and 550 barrels, with revenues amounting to 6 billion and 499 million and 447 thousand dollars, while the quantities exported from Kirkuk oil through a port Jihan 2 million, 817 thousand and 59 barrels, with revenues of 180 million and 431 thousand and 210 dollars.
 
He continued, "The quantities exported to Jordan are 347 thousand and 746 barrels, with revenues amounting to 17 million and 743 thousand and 775 dollars," noting that "the average price per barrel amounted to 63.027 dollars."

He pointed out that "the quantities exported were loaded by 37 international companies of various nationalities, from the ports of Basra, Khor Al-Amaya, and unilateral buoys on the Gulf and the Turkish port of Ceyhan."

Iraq exports most of its crude oil through the Basra port, and in smaller quantities through the Turkish Ceyhan, and by truck, to Jordan.

Number of views 4   Date added 28/01/2020

http://economy-news.net/content.php?id=18899

[nannab]

Thank you Butifldrm and Good Morning DV  

[Markinsa]

**** Topic Exceeding Readable Content  -  Please Start New Topic ****

 

On 7/24/2019 at 8:42 AM, Adam Montana said:

One more thought before I wrap this up - a lot of our news threads here have exceeded thousands of posts. Those threads will be locked (mods, please help me out here) in an effort to bring the most current news to the attention of those of us interested in reading. If you see a locked thread in the news sections, this does not mean we don't want to continue the conversation! It just means it's time to start a new thread on the topic.